DROPBOX INC-CLASS A (DBX) Fundamental Analysis & Valuation

NASDAQ:DBX • US26210C1045

Current stock price

22.06 USD
-0.17 (-0.76%)
At close:
22.06 USD
0 (0%)
After Hours:

This DBX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DBX Profitability Analysis

1.1 Basic Checks

  • In the past year DBX was profitable.
  • In the past year DBX had a positive cash flow from operations.
  • In the past 5 years DBX has always been profitable.
  • DBX had a positive operating cash flow in each of the past 5 years.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M

1.2 Ratios

  • With an excellent Return On Assets value of 17.87%, DBX belongs to the best of the industry, outperforming 93.45% of the companies in the same industry.
  • The Return On Invested Capital of DBX (62.16%) is better than 99.64% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DBX is significantly above the industry average of 10.99%.
  • The 3 year average ROIC (33.41%) for DBX is below the current ROIC(62.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROIC 62.16%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

1.3 Margins

  • DBX has a Profit Margin of 20.17%. This is amongst the best in the industry. DBX outperforms 87.27% of its industry peers.
  • DBX's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 27.43%, DBX belongs to the top of the industry, outperforming 92.36% of the companies in the same industry.
  • DBX's Operating Margin has improved in the last couple of years.
  • DBX has a better Gross Margin (80.15%) than 81.82% of its industry peers.
  • DBX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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3

2. DBX Health Analysis

2.1 Basic Checks

  • DBX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for DBX has been reduced compared to 1 year ago.
  • DBX has less shares outstanding than it did 5 years ago.
  • DBX has a worse debt/assets ratio than last year.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • DBX has an Altman-Z score of 0.18. This is a bad value and indicates that DBX is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.18, DBX is doing worse than 69.45% of the companies in the same industry.
  • The Debt to FCF ratio of DBX is 3.42, which is a good value as it means it would take DBX, 3.42 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.42, DBX is in the better half of the industry, outperforming 60.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Altman-Z 0.18
ROIC/WACC6.12
WACC10.15%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • A Current Ratio of 0.63 indicates that DBX may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.63, DBX is doing worse than 89.45% of the companies in the same industry.
  • A Quick Ratio of 0.63 indicates that DBX may have some problems paying its short term obligations.
  • DBX has a Quick ratio of 0.63. This is amonst the worse of the industry: DBX underperforms 89.45% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.63
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DBX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.75% over the past year.
  • Measured over the past years, DBX shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.93% on average per year.
  • The Revenue has decreased by -1.07% in the past year.
  • DBX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.66% yearly.
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%

3.2 Future

  • DBX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.64% yearly.
  • DBX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.44% yearly.
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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9

4. DBX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.80, the valuation of DBX can be described as very cheap.
  • Based on the Price/Earnings ratio, DBX is valued cheaply inside the industry as 91.27% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.78. DBX is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 7.34 indicates a rather cheap valuation of DBX.
  • 88.73% of the companies in the same industry are more expensive than DBX, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. DBX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.8
Fwd PE 7.34
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DBX is valued cheaply inside the industry as 89.45% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, DBX is valued cheaply inside the industry as 94.55% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.52
EV/EBITDA 8.45
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • DBX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)1.26
PEG (5Y)0.31
EPS Next 2Y9.65%
EPS Next 3Y5.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DBX Dividend Analysis

5.1 Amount

  • DBX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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DBX Fundamentals: All Metrics, Ratios and Statistics

DROPBOX INC-CLASS A

NASDAQ:DBX (4/10/2026, 8:16:12 PM)

After market: 22.06 0 (0%)

22.06

-0.17 (-0.76%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners127.21%
Inst Owner Change0%
Ins Owners7.6%
Ins Owner Change6.28%
Market Cap5.14B
Revenue(TTM)2.52B
Net Income(TTM)508.40M
Analysts50
Price Target26.08 (18.22%)
Short Float %18.11%
Short Ratio6.17
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.54%
Min EPS beat(2)-0.04%
Max EPS beat(2)13.12%
EPS beat(4)3
Avg EPS beat(4)8.96%
Min EPS beat(4)-0.04%
Max EPS beat(4)13.12%
EPS beat(8)7
Avg EPS beat(8)11.54%
EPS beat(12)11
Avg EPS beat(12)11.27%
EPS beat(16)15
Avg EPS beat(16)9.5%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)3
Avg Revenue beat(4)0.2%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)0.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)5
Avg Revenue beat(16)-0.12%
PT rev (1m)0%
PT rev (3m)-9.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 7.8
Fwd PE 7.34
P/S 2.04
P/FCF 5.52
P/OCF 5.4
P/B N/A
P/tB N/A
EV/EBITDA 8.45
EPS(TTM)2.83
EY12.83%
EPS(NY)3.01
Fwd EY13.62%
FCF(TTM)3.99
FCFY18.11%
OCF(TTM)4.09
OCFY18.53%
SpS10.82
BVpS-7.72
TBVpS-9.81
PEG (NY)1.26
PEG (5Y)0.31
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROCE 72.68%
ROIC 62.16%
ROICexc N/A
ROICexgc N/A
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
FCFM 36.91%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)39.07%
ROCE(5y)30.38%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
F-Score6
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Debt/EBITDA 2.74
Cap/Depr 13.6%
Cap/Sales 0.85%
Interest Coverage 6.53
Cash Conversion 112.12%
Profit Quality 183.01%
Current Ratio 0.63
Quick Ratio 0.63
Altman-Z 0.18
F-Score6
WACC10.15%
ROIC/WACC6.12
Cap/Depr(3y)14.87%
Cap/Depr(5y)17.18%
Cap/Sales(3y)0.91%
Cap/Sales(5y)1.11%
Profit Quality(3y)181.01%
Profit Quality(5y)177.91%
High Growth Momentum
Growth
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%
EBIT growth 1Y42.2%
EBIT growth 3Y24.56%
EBIT growth 5Y41.66%
EBIT Next Year12.11%
EBIT Next 3Y3.03%
EBIT Next 5Y7.95%
FCF growth 1Y6.77%
FCF growth 3Y6.86%
FCF growth 5Y13.66%
OCF growth 1Y6.45%
OCF growth 3Y6.08%
OCF growth 5Y10.77%

DROPBOX INC-CLASS A / DBX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 9 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


What is the profitability of DBX stock?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for DBX stock?

The Price/Earnings (PE) ratio for DROPBOX INC-CLASS A (DBX) is 7.8 and the Price/Book (PB) ratio is -2.86.


How financially healthy is DROPBOX INC-CLASS A?

The financial health rating of DROPBOX INC-CLASS A (DBX) is 3 / 10.